WASHINGTON, DC--(Marketwire - October 30, 2009) - The National Association of Realtors®
thanked Congress for speedy action in passing a congressional resolution
yesterday that would extend the current higher Fannie Mae, Freddie Mac and
FHA loan limits through 2010. The present loan limits would expire at the
end of 2009 and revert to previous lower limits.

"NAR commends both houses of Congress for their quick action in continuing
these higher limits during a time for recovery in the housing market and
national economy. The higher limits, along with the home buyer tax credit
extension, are necessary to keep the markets moving at this critical time,"
said NAR President Charles McMillan, a broker with Coldwell Banker
Residential Brokerage in Dallas-Fort Worth.

"Home sales have shown significant movement upwards in the past six months
and reduced inventory in some segments of the housing market, but not in
all. Home purchases in the middle-income and higher brackets have not
moved much, and those markets must improve before we can experience a fully
sustained housing recovery. These higher loan limits will help motivate
qualified home buyers to purchase in those markets," McMillan said.

The resolution would extend the present conventional loan limits for Fannie
and Freddie through the 2010 calendar year at 125 percent of local median
home sales prices, up to a maximum of $729,750 in high-cost areas. The
floor for FHA is $271,050; the floor for Fannie Mae and Freddie Mac
conforming loan limits is $417,000.

The resolution now goes to President Obama, and he is expected to sign it
today or Saturday to avoid a government shutdown.

The National Association of Realtors®, "The Voice for Real Estate," is
America's largest trade association, representing 1.2 million members
involved in all aspects of the residential and commercial real estate
industries.

Information about NAR is available at www.realtor.org. This and other news
releases are posted in the News Media section.

REALTOR® is a registered collective membership mark which may be used
only by real estate professionals who are members of the NATIONAL
ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics. Not
all real estate agents are REALTORS®. All REALTORS® are members of
NAR.

Contact Information

For further information contact:Lucien Salvant202/383-1176Email Contact